Ethereum is expected to have a major liftoff: ETH enters this critical area to trigger a $18,000 rally

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Ethereum is expected to have a major liftoff: ETH enters this critical area to trigger a ,000 rally

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Ethereum As Thursday ends, it remains in the wider cryptocurrency space even as its price drops below $2,700 again. ETH has shown significant bullish action in recent weeks, with several crypto analysts highlighting its potential for a huge upward shift towards higher levels in the near term.

Bring Ethereum to the key areas of the new peak

Given the current market weakness, Ethereum has lost some upward momentum after facing resistance of $2,800. Despite this brief callback, the latest trend in ETH is pointing to a big rally, indicating Ongoing upward trend expansion.

Trader Tardigrade, an experienced crypto expert on X platform, checked the price action, predict A surge in new historical climax. According to tech analysts, Ethereum is currently browsing a key technology zone that may be the driving force behind one of its largest gatherings of all time.

When checking the chart, this critical area is called the impulse wave area. Experts are confident ETH may cheer for the new peak, as the region has historically been massive Upward breakthrough movement.

After recovering strongly in the previous cycle, by a large decline and Quick reboundThe expert claims that ETH is now entering the impulse tide zone. Since the impulsive wave zone is known for its apparent bullish impact on prices, its recent appearance means that the next major move of ETH may already be in motion.

With momentum building and Ethereum challenges, trader Tardigrade foresees a sharp upward shift in the $18,000 milestone, which is nearly 700% higher than the current price level. Chart display Altcoin This untouched level may be reached in the second half of next year.

Does ETH take over the crypto market?

Trader Tardigrade’s forecast may be powered by the market being slowly shifted to the Ethereum season. look ETH/BTC chart reveal With the two’s monthly support level of 0.018, this Ethereum is gaining bullish momentum.

In addition, the price of ETH is forming a bull flag on the daily chart. The formation of the bull flag is a technical model, usually before a sustained upward trend, indicating that the bullish run of the altcoin is not over yet. Experts hint at a huge swathe when ETH bursts out from Bull Flag mode Price up to $4,000.

Crypto analysts like Javon Marks have predict The key level that last appeared last December reached this critical level, which is a sustained upward trend. As the metrics are aligned with the rally, Javon Marks believes that Altcoin’s next target is $4,811. Experts expect the region to have another +78% upside, pushing ETH to $8,500 and beyond.

Featured Images from Getty Images, TradingView.com Charts

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